to approve qualified persons to be approved trustees of registered schemes;

to regulate the affairs and activities of approved trustees and to ensure as far as reasonably practicable that those trustees administer the registered schemes for which they are responsible in a prudent manner;

to regulate sales and marketing activities, and the giving of advice, in relation to registered schemes;

to make rules or guidelines for the payment of mandatory contributions and for the administration of registered schemes with respect to those contributions;

to consider and propose reforms of the law relating to occupational retirement schemes or provident fund schemes;

to promote and encourage the development of the retirement scheme industry in Hong Kong, including the adoption of a high standard of conduct and sound prudent business practices by trustees and other service providers; and

to exercise such other functions as are conferred or imposed on MPFA by or under MPFSO or any other Ordinance.

The MPFA also acts as Registrar of Occupational Retirement Schemes as provided under section 5(1) of the Occupational Retirement Schemes Ordinance (Chapter 426, Laws of Hong Kong).